S&P Cuts Credit Ratings for Nine Euro Zone Nations - Business News - CNBC: "S&P lowered its long-term rating on Cyprus, Italy, Portugal and Spain by two notches, and cut its rating on Austria, France, Malta, Slovakia and Slovenia by one notch. "Today's rating actions are primarily driven by our assessment that the policy initiatives that have been taken by European policy makers in recent weeks may be insufficient to fully address ongoing systemic stresses in the euro zone," S&P said in a press release announcing the downgrade."

Looming downgrades, Greek debt impasse hit euro zone |
Reuters
By Matthias Sobolewski and Dina Kyriakidou | BERLIN/ATHENS (Reuters) - Standard & Poor's was set to downgrade the credit ratings of several euro zone countries on Friday, including France and Austria but not Germany or the Netherlands, ...

Euro tumbles vs dollar, yen on euro zone downgrade talk
Reuters
A senior euro zone government source said Standard & Poor's is set to downgrade the ratings ofeuro zone countries, but not Germany's. This was later confirmed by French Finance Minister Francois Baroin, who said France and other euro zone countries ...

Stocks slide on eurozone downgrade chatter
CNN
By Hibah Yousuf @CNNMoneyMarkets January 13, 2012: 3:04 PM ET NEW YORK (CNNMoney) -- US stocks were under pressure Friday as anxious investors reacted to a report suggesting that Standard and Poor's may downgrade several eurozone countries later in the ...

Gold falls 1 percent on euro zone downgrade talk
Reuters
By Frank Tang and Jan Harvey | NEW YORK/LONDON (Reuters) - Gold fell 1 percent on Friday, after the dollar surged against the euro and fears about an imminent credit downgrade of euro zonecountries prompted bullion investors to take profits on the ...

Dimon says Eurozone regulations make no sense
Financial Times
By Tom Braithwaite in New York Jamie Dimon, chief executive of JPMorgan Chase, said on Friday that European policymakers were “making the situation worse, not better”, prolonging the eurozonecrisis with contradictory directives. ...

France loses AAA-rating in blow to eurozone
Chicago Sun-Times
Baroin said France had received a change to its rating “like most of the eurozone,” referring to the 17 European nations that use the euro currency, but there was no confirmation from S&P that any other nation had been downgraded. ...

Euro Zone Posts Rare November Trade Surplus
Wall Street Journal
By ALEX BRITTAIN LONDON—A surge in exports helped the euro zone post a major surplus on trade with the rest of the world in November, an unexpected development that could boost hopes that the region will avoid a severe economic downturn. ...

Britain's FTSE hit by euro zone rating fears
Reuters
A senior euro zone government source said S&P would cut credit ratings for several euro zonecountries later on Friday, although not for Germany or the Netherlands. S&P declined to comment. The big question, said traders, was what would happen to the ...

Euro crisis reaches far beyond Europe
Hindustan Times
The “interconnectedness” of economies around the world became startlingly clear in the aftermath of the collapse of Lehman Brothers in 2008, as the shock was transmitted and amplified through financial markets. that as the euro zone slowdown bites in ...

Berlin Urged to End Austerity Measures
Inter Press Service
Although almost all 17 members of the Eurozone currently suffer from sovereign debt, financial markets sanction each of them differently by imposing different interest rates for new state debt bonds. For instance, Germany, which has a sovereign debt of ...

Ireland's Market Return Rests On Resolving Wider Euro Crisis-NTMA
Wall Street Journal
By Eamon Quinn DUBLIN (Dow Jones)--The head of Ireland's debt office, the National Treasury Management Agency, said Friday that Ireland is winning over investors with its adherence to its bailout program, but that resolving the wider euro-zone debt ...

Loonie lower on reports of euro zone cuts
Reuters Canada
The possible downgrades would not include Germany and the Netherlands, a senior euro zonegovernment source said. It was unclear which or how many countries' debt ratings S&P would cut. "It's a wholesale move back into the US dollar and the Japanese ...

Sensex rebounds 117 pts on easing eurozone debt worries
Hindustan Times
PTI The BSE benchmark Sensex today recovered by 117 points on buying funds on hopes of rate cut by RBI after softening inflation and easing worries over eurozone debt crisis. The 30-share index gained 117.11 points, or 0.73% to close at 16154.62 with ...

Euro zone crisis: a pause for reflection
GlobalPost (blog)
Was Silvio Berlusconi's departure the turning point for the euro zone debt crisis? (ANNE-CHRISTINE POUJOULAT/AFP/Getty Images) There is probably no riskier form of behavior for a blogging journalist than to claim that a corner has been turned in ...

S&P Likely To Downgrade Much Of Eurozone
By The Huffington Post News Editors
PARIS -- Mounting speculation that a leading credit agency is to imminently downgrade the ratings of a number of eurozone countries drove global markets sharply lower Friday and sent the euro currency spinning down to a 17-month low.
The Huffington Post | Full News Feed

What would eurozone downgrade mean? – Business 360 - CNN ...
By CNNi blog producer
London (CNN) -- European markets were given a final-hour fright Friday upon reports of an imminent downgrade for eurozone countries by ratings agency Standard & Poor's (the influential credit assessors declined to comment when ...
Business 360